Q1 2025 deliveries and production announced

[LuvLucy]

Looks like they produced 2200 and deliveries were taken on 3100 (wow).

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2025 Results

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2025 Results [02-April-2025] NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most

www.crweworld.com

Going to have a supply problem soon - outpacing production by almost 1000 is going to slaughter existing inventory. I am guessing the parking lot in Arizona is a ghost town. It will be interesting to see market reaction tomorrow in the face of the tariff news.

 

[segbrk]

During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.

Note the 600 not counted as "produced" because they're only mostly produced. That makes it 2812. I'm not sure if those 600 are counted in the deliveries number because they've been "delivered" to KSA?

 

[LuvLucy]

close only counts in horseshoes and hand grenades. My guess is it will be lucky if these 600 are delivered in Q2 in KSA. I wonder if there is a source for KSA registrations (like is used to break down TSLA geographically) - my guess is only a handful so far. That said - over 25% of shipments to KSA is impressive - a huge market for LCID apparently.

 

[TonyLieske]

I was curious if this was a record and it sounds like it, although not by much. In Q4 they announced 3099 deliveries and said it was their third consecutive quarter of record deliveries. Their production in Q4 2024 was over 3300 vehicles though, so they should be able to ramp up if there is demand.

 

[Haggy]

Not surprising. It turns out that I'm not the only one to move from a Tesla to a Lucid. Who knew? I would have hoped that Lucid would do well regardless of Elon Musk but...thank you Elon?

 

[HC_79]

Awesome to see! Gravity will only boost those numbers even further.

 

[LuvLucy]

Q4 they announced 3099 deliveries. Q1 3100. Methinks someone was driving a car to someone's driveway at 11:59 PM at the end of Q1, LOL

 

[illopp00]

Yeah but Q1 is generally soft for most automakers, except this year everyone flooded to buy cars before tariffs raised the prices...

 

[illopp00]

Except apparently Tesla and Rivian's, who reported pretty poor delivery numbers.

 

[MJAir23TheGoat]

The expectations to deliver 20K cars for 2025 looks a bit dicey but optimistic with gravity.